Binance NFT Marketplace adds support for the Polygon blockchain
Currently, only Polygon-based ERC-721 tokens are available on the platform
08.03.2023 - 15:30
312
2 min
0
What’s new? The marketplace of non-fungible tokens (NFTs) of the Binance exchange has announced the inclusion of Polygon as a supported blockchain. Currently, only selected NFT collections of the ERC-721 standard on the Polygon network are available on the marketplace, their number will gradually increase. NFTs based on Ethereum and BNB Smart Chain blockchains are also available to users of the Binance Marketplace.
Announcement on the Binance blog
What else does the Binance blog say? Binance NFT users can buy, deposit, and withdraw non-fungible Polygon-based tokens. Customers must have native blockchain tokens, MATIC, in their crypto wallets to trade and withdraw.
What is known about Polygon? It is a network of secure Layer 2 (L2) solutions and sidechains based on the Ethereum blockchain for scaling and reducing network load and transaction fees. It also allows the creation of DeFi services. As of March 8, 15:20 UTC, MATIC ranks 10th in the cryptocurrency raking with a capitalization of $9,95 billion and is trading at $1,1, down by 2,68% in 24 hours.
Binance and NFTs. On December 12, the marketplace launched staking of NFT collections of the ApeCoin (APE) ecosystem with daily rewards. It includes the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) collections. Users can choose either a flexible lock-in period or a fixed period of 30, 60, or 90 days.
On March 1, the exchange launched a service for creating NFT using AI called Bicasso. The neural network can generate a picture and a token based on an image or a text description. The beta limit of 10 000 generations was reached 2,5 hours after the launch. The next day, famous Korean designer Cho Young-hwi said that Bicasso is a copy of his development of Chatcasso, which won first place in the hackathon organized by Binance in December.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 891
BTC
+0.27%
-
Ethereum
$3 327.98
ETH
-1.21%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.46
XRP
+19.43%
-
Dogecoin
$0.409701
DOGE
+5.81%
-
Cardano
$1
ADA
+22.53%
-
Stellar XLM
$0.340281
XLM
+32.6%
-
Bitcoin Cash
$488.29
BCH
+0.28%
-
Polkadot
$6.64
DOT
+11.8%
-
Litecoin
$91.77
LTC
+2.59%